Faroe Islands - Discrepancy in expenditure estimate of GDP

Discrepancy in expenditure estimate of GDP (current LCU)

The value for Discrepancy in expenditure estimate of GDP (current LCU) in Faroe Islands was 0 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 100,000 in 2004 and a minimum value of -100,000 in 2018.

Definition: Discrepancy in expenditure estimate of GDP is the discrepancy included in final consumption expenditure, etc. (total consumption, etc.). This discrepancy is included to ensure that GDP from the expenditure side equals GDP measured by the income or output approach. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts